Coinbase CEO Accuses Banks Of Undermining Trump’s Crypto Agenda

Coinbase CEO Brian Armstrong has accused major U.S. banks of attempting to undermine President Trump’s pro-crypto agenda by lobbying for Senate legislation that would ban stablecoin rewards. In an interview with Fox Business, Armstrong argued that the proposed bill risks stifling innovation, banning entire categories of digital assets, and eliminating rewards on stablecoins. He praised the Senate’s broader efforts but expressed concerns about specific provisions that could lead to regulatory overreach and undermine recent bipartisan progress on crypto policy.